Great Yarmouth

Market Gates Shopping Centre

Market Gates Shopping Centre, Great Yarmouth NR30 2BG

For Sale

Property Details

Price

£4,580,000

Net Initial Yield

13%

Tenure

Freehold

Description

• Great Yarmouth is one of the UK’s most popular seaside towns, attracting 7 million visitors per annum.
• Market Gates Shopping Centre is the prime retailing destination within Great Yarmouth and currently attracts an estimated 4.5 million shoppers per year.
• The property comprises of 223,247sq ft (20,740 sq m) of retail accommodation across three floors.
• 357 space multi storey car park.
• Anchor tenants include: B&M, TJ Hughes, Boots, Superdrug, JD Sports and Poundland.
• The property provides a Weighted Average Unexpired Lease Term (WAULT) of 3.75 years to expiry.
• 66% of gross income is secured to national multiple retailers.
• The scheme presents significant asset management opportunities to enhance the retail environment and increase the income stream.
• Freehold.

Location

Contacts for this property

James
James Mead
07919 622542
Paddy
Patrick Kilvington
07860 625512

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